FOMC caused a spike up yesterday but we have topped out with a lower high indicating the downward move is still intact. Currently approaching the critical area. A break of the trendline to the south keeps the downtrend intact and we will look for an initital move to the S3 @ 1.3870 with a further target @ 1.3781. Upside risk is a move to the top again.
Euro took out the .618 Fib retacement from the Day chart- also the R5 of the last leg and a strong reaction there. Looking for the test of the 1.3000 area (trend line) where a bounce could occur. Further targets down are the .500 fibo @ 1.3840. Target up on the bounce is the double top and then the .270 fib extension above 1.4100.